The EU budget review, launched by the Commission in 2007, is a unique opportunity to critically examine EU policies and instruments. Structural Funds are at the heart of the EU’s cohesion efforts, and amount to almost one-third of the Community’s budget. They have two declared objectives, economic growth and regional convergence, but these do not always complement each other. The allocation of the Structural Funds is not efficient from a pure growth standpoint, and a large proportion of transfers takes place
regions. With enlargement, cross-country transfers increased significantly to 40% of total flows, and intra-regional redistribution decreased. In a more diverse EU, this is a step to the right direction. Yet, almost three-quarters of intra-country redistribution still happens within regions.
European Commission ( 2008 ): European Union Public Finance . Fourth Edition, http://ec.europa. eu/budget/library/biblio/publications/public_fin/EU_pub_fin_en.pdf#page=138 (last accessed September 11, 2016).
Since the reform of the Structural Funds in 1988 resulting from the Single European Act, Spain has been a net beneficiary of structural resources from the EU budget (which includes the Structural Funds and the Cohesion Fund). This situation has changed in the period 2007–2013, when significantly less EU funds will be allocated to Spain. The country will need to adapt to a changeover from being a net beneficiary of EU funds to becoming a net contributor.
/dgs/home-affairs/what-we-do/policies/organized-crime-and-human-trafficking/corruption/anti-corruption-report/docs/2014_acr_hungary_chapter_en.pdf. Accessed 15.3.2015.
European Commission (2015a): Financial Programming and Budget. EU expenditure and revenue. http://ec.europa.eu/budget/figures/interactive/index_en.cfm. Accessed 21